Alpha Mail #021 - IDrawCharts
It can be easy to fall into the prediction trap - trading based on our belief that an asset will go up or down. This is the wrong mindset - as this week's interviewee, David Holt, explains. Our job as traders is to price risk and take trades that are weighted in our favour to yield long term results. In short, we should play the role of the casino, rather than the gambler.
It's a valuable lesson that preaches patience, consistency and a rigorous understanding of your possible outcomes.
Enjoy!
VA
INTERVIEW: IDRAWCHARTS
David talks about his constant push for perfection, different types of counterparties and why consistency in thought and execution is the most important quality in a trader.
GRAPHIC #156 - DOGMA
Narratives get pushed pretty hard in crypto and trading. It's easy to get swept up in a belief that things will be, or have to be, a certain way. However, there are no absolutes, and the best thing a trader can do is to give themself the flexibility to respond to whatever the market throws at them - even if that means staying out of the market.